Tech_Trader88

Tech_Trader88

Thursday’s candlestick (Jul 3) was a small bull bar closing in its upper half. In our last report, we stated that traders would observe whether the bulls could create a follow-through bull bar, closing near its high, or if the market would trade higher but close with a long tail above or a bearish body instead. The market traded sideways to up and the bulls...

Tech_Trader88

Wednesday’s candlestick (Jul 2) was a big bull bar closing in its upper half with a prominent tail above. In our last report, we said traders would see if the bulls could create a follow-through bull bar closing near its high, or if the market would trade higher but close with a long tail above or a bear body instead. The market formed a big bull bar trading...

Tech_Trader88

Tuesday’s candlestick (Jul 1) was a bear bar closing around the middle of its range with a long tail below. In our last report, we said traders would see if the bulls could create a follow-through bull bar closing near its high, or if the bears could create another strong leg down in the days ahead instead. The market formed another leg down breaking below...

Tech_Trader88

Monday’s candlestick (Jun 30) was a small inside bull doji. In our last report, we said traders would see if the bulls could create a follow-through bull bar closing near its high or if the market would trade lower, creating a more neutral or slightly bearish June monthly candlestick instead. The market gapped down at the open but traded sideways to up. The...

Tech_Trader88

Thursday’s candlestick (Jun 26) was a bull bar closing near its high. In our last report, we said traders would see if the bears could create more follow-through selling, or if the market would form a pullback higher instead. The market attempted twice to create follow-through selling intraday, but the moves lacked follow-through selling. The market closed...

Tech_Trader88

Wednesday’s candlestick (Jun 24) was a bear bar closing near its low with a prominent tail above. In our last report, we said traders would see if the bears could create more follow-through selling, and the move down was strong enough for traders to expect at least a small sideways to down leg after a small pullback. The market formed a small pullback in the...

Tech_Trader88

Tuesday’s candlestick (Jun 24) was a big bear bar closing near its low. In our last report, we said traders would see if the bears can create sustained follow-through selling following the sell-off in the night session, or if the market would trade lower but find support around the 4030-50 area instead. The market sold off sharply, and the breakout point and...

Tech_Trader88

Monday’s candlestick (Jun 23) was an inside bull bar closing near its high. In our last report, we said traders would see if the bulls could create a strong breakout above the 4150 with sustained follow-through buying, or if the market would stall around the 4150 area followed by more profit-taking activity instead. The market traded sideways for the day and...

Tech_Trader88

Friday’s candlestick (Jun 20) was an outside bull doji closing slightly above the middle of its range. In our last report, we said traders would see if the bulls could create a strong breakout above the 4150 with sustained follow-through buying, or if the market would stall around the 4150 area and profit-taking activity begins instead. Because of the 8-bar...

Tech_Trader88

Thursday’s candlestick (Jun 19) was a small doji bar. In our last report, we said traders would see if the bulls could create a strong breakout above the Jun 17 high with sustained follow-through buying, or if the market would stall around the Jun 17 high area instead. The market traded slightly above the Jun 17 high but pulled back lower and traded mostly...

Tech_Trader88

Wednesday’s candlestick (Jun 18) was an inside bull bar closing in its upper half. In our last report, we said traders would see if the bulls could create follow-through buying over the next several days, or if the bears would get a follow-through bear bar instead. The market traded slightly higher and the bears could not get a follow-through bear bar. The...

Tech_Trader88

Tuesday’s candlestick (Jun 17) opened higher but closed as a bear bar near its low. In our last report, we said traders would see if the bulls could create follow-through buying over the next several days, or if the market traded down and lacked follow-through buying instead. If this is the case, it will indicate the bulls are not yet strong. The market...

Tech_Trader88

Monday’s candlestick (Jun 16) was a bull bar closing near its high and breaking out above the trading range. In our last report, we said the market would likely open higher. Traders would see if the bulls could close the day as a bull bar above the 4000 level, or if the market opens higher, but lacks follow-through buying, closing the day with a bear body...

Tech_Trader88

Friday’s candlestick (Jun 13) was a bull bar closing near its high and above the 20-day EMA. In our last report, we said traders would see if the bears could create another follow-through bear bar, or if the market stalls again and form a bull bar trading above the 20-day EMA in the next few days instead. The market stalled again and formed a bull bar...

Tech_Trader88

Thursday’s candlestick (Jun 12) was a doji bar closing in its lower half with a long tail below. In our last report, we said traders would see if the bears could create another follow-through bear bar, or if the market would stall and form a bull bar trading above the 20-day EMA in the next few days instead. Poor follow-through and frequent reversals are...

Tech_Trader88

Wednesday’s candlestick (Jun 11) was a bear bar closing below the middle of its range with a prominent tail below. In our last report, we said traders would see if the bears can create a follow-through bear bar, or if the bulls could create a bull bar closing above the 20-day EMA. The market formed a follow-through bear bar but the prominent tail below...

Tech_Trader88

Tuesday’s candlestick (Jun 10) was a decent-sized bear closing near its low and below the 20-day EMA. In our last report, we said traders would see if the bears can maintain the candlestick as a bear bar, or if the bulls could create a reversal to close the day as an outside bull bar. The market opened higher in the morning but there was no follow-through...

Tech_Trader88

Monday’s candlestick (Jun 9) was a small bear doji. In our last report, we said traders would see if the bulls could create a bull entry bar testing near the Jun 3 high area, or if the bears would get another attempt to close below the 20-day EMA. The market traded above Friday's high but the bulls did not get a strong bull entry bar. In the night session...